Blackstone’s $80 Trillion Opportunity
- 3 months ago
It is September 2023, Blackstone’s billionaire founder and CEO, Steve Schwarzman, is in Paris mingling with his senior European staff at a party to christen the private equity giant’s new 26,000-square-foot office. Beside him, in the courtyard of the elegant 18th-century building, is Gérard Errera, chairman of Blackstone France and former French ambassador to the United Kingdom. That morning Schwarzman gave the keynote address to a gathering of more than 2,000 of Europe’s biggest investors and family offices at International Private Equity Market’s annual conference. It has been a European whirlwind for Schwarzman. The day prior, the 76-year-old was in Frankfurt, Germany, opening a 14,000-square-foot Blackstone office on the top floor of a glass-and-steel skyscraper in the heart of the city’s financial district.
“I’ve been to a lot of office openings in my life, but it’s [more] exciting now,” says Schwarzman from his Park Avenue home base. “The farther you get from headquarters, the more effort you have to make to make sure the culture is the same and the risk on deals is consistent.”
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“I’ve been to a lot of office openings in my life, but it’s [more] exciting now,” says Schwarzman from his Park Avenue home base. “The farther you get from headquarters, the more effort you have to make to make sure the culture is the same and the risk on deals is consistent.”
Read the full story on Forbes: https://www.forbes.com/sites/sergeiklebnikov/2024/02/05/blackstones-80-trillion-opportunity/?sh=44fbdda4105f
Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. Subscribe here: https://art19.com/shows/forbes-daily-briefing
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
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Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.